Market Performance - The optical fiber concept index rose by 1.60%, ranking 10th among concept sectors, with 51 stocks increasing in value [1] - Leading gainers included Guangku Technology, Yuanjie Technology, and Wanma Co., with respective increases of 7.84%, 6.83%, and 5.96% [1] - The top decliners were Zhongguang Nuclear Technology, Delong Laser, and Zhongdian Xinlong, with declines of 1.89%, 1.87%, and 1.76% [1] Capital Flow - The optical fiber sector saw a net inflow of 508 million yuan, with 30 stocks receiving net inflows [1] - Wanma Co. led the net inflow with 170 million yuan, followed by Tianfu Communication and Taicheng Light with 155 million yuan and 147 million yuan respectively [1] - In terms of net inflow ratios, Zhao Chi Co., Bichuang Technology, and Wanma Co. had the highest rates at 14.19%, 10.24%, and 8.73% respectively [2] Stock Performance - Notable stock performances included Guangku Technology with a 7.84% increase and Yuanjie Technology with a 6.83% increase, while Zhongguang Nuclear Technology experienced a 1.89% decline [1][5] - The trading volume and turnover rates varied significantly among stocks, with Wanma Co. showing a turnover rate of 13.45% [2] - Stocks like Jiguang Technology and Longxin Technology also showed positive movements, with increases of 3.72% and 4.39% respectively [3]

本文第一作者为北京邮电大学副教授、彩云科技首席科学家肖达，其他作者为彩云科技算法研究员孟庆 业、李省平，彩云科技CEO袁行远。 残差连接（residual connections）自何恺明在 2015 年开山之作 ResNet [1] 中提出后，就成为深度 学习乃至 Transformer LLMs 的一大基石。但在当今的深度 Transformer LLMs 中仍有其局限性，限 制了信息在跨层间的高效传递。 彩 云 科 技 与 北 京 邮 电 大 学 近 期 联 合 提 出 了 一 个 简 单 有 效 的 残 差 连 接 替 代 ： 多 路 动 态 稠 密 连 接 （MUltiway Dynamic Dense (MUDD) connection），大幅度提高了 Transformer 跨层信息传递的 效率。 大规模语言模型预训练实验表明， 仅增加 0.23% 的参数量和 0.4% 的计算量，采用该架构的 2.8B 参数量 MUDDPythia 模型即可在 0-shot 和 5-shot 评估中分别媲美 6.9B 参数量（~2.4 倍）和 12B 参数量（~4.2 倍）的 Pythia 模型， 表明了 MU ...

Core Viewpoint - The article discusses the transformative impact of generative AI and embodied intelligence on technology, business, and society, emphasizing the need for a multi-faceted exploration of AI's opportunities and challenges [1]. Group 1: AI Development Trends - The development of AI in recent years has followed two clear trajectories: generative AI (AIGC) and embodied intelligence [5][9]. - Generative AI aims to equip machines with human-like cognitive abilities, while embodied intelligence focuses on enabling machines to mimic human sensory and action capabilities [10][11]. - The current AI landscape highlights the importance of data quality and training strategies over sheer data volume and computational power [6][19]. Group 2: Embodied Intelligence - The next phase of embodied intelligence is expected to involve mind-body coordination, reflecting the philosophical inquiry into how human-level intelligence arises [6][11]. - The application of embodied intelligence in consumer markets hinges on the machine's ability to empathize and understand human emotional needs [6][10]. - There is a significant gap in the data required for embodied intelligence to reach its potential, with current datasets lacking the scale necessary for generalization [7][24]. Group 3: AI as a Technological Revolution - Generative AI is characterized as a technological revolution based on three criteria: foundational nature, exponential productivity enhancement, and profound societal impact [13][14]. - The societal implications of AI's cognitive capabilities are vast, potentially affecting all human activities and leading to concerns about cognitive laziness among humans [14][16]. - In contrast, the impact of embodied intelligence on productivity is seen as limited compared to the cognitive advancements of generative AI [15][16]. Group 4: Data and Model Relationships - The relationship between model algorithms and data is crucial, with algorithms determining the lower limit of model performance and data defining the upper limit [20][21]. - The current focus in AI development is on enhancing data quality and training strategies, particularly in the context of embodied intelligence [19][22]. - The industry faces challenges in data acquisition for embodied intelligence, necessitating innovative approaches to data collection and synthesis [25][26]. Group 5: Future Directions - To overcome the data scarcity in embodied intelligence, strategies such as leveraging real, simulated, and synthetic data are being explored [25][26]. - The development of wearable devices capable of capturing real-world actions could provide a substantial data foundation for embodied intelligence [26]. - The complexity of human experience and environmental interaction presents significant challenges for the data-driven advancement of embodied intelligence [34][35].

A股主要指数表现分化。 A股市场今天（6月27日）上午整体涨跌互现，创业板指、北证50指数等涨幅超过1%，沪指下跌。此外，富时中国A50指数期货盘中跳水，跌超1%。 港股市场窄幅震荡，恒生指数多数时间小幅上涨。值得注意的是，港股市场近期频频出现剧烈波动股票，今天再现部分个股剧烈波动。比如冠城钟表珠宝今 天上午强劲上涨，盘中涨幅一度接近120%。此前几天国泰君安国际股价剧烈波动。 A股主要指数分化 A50指数期货盘中跳水 A股市场今天（6月27日）上午整体涨跌互现。截至上午收盘，上证指数跌0.21%，深证成指涨0.85%，创业板指涨1.16%，北证50指数涨1.7%，科创50指 数涨0.65%。 | A股 港股 美股 全球 基金 商品 | | | | --- | --- | --- | | 内地股票 | | | | 上证指数 深证成指 | | 北证50 | | 3441.30 | 10431.51 | 1448.75 | | -7.15 -0.21% +88.03 +0.85% +24.19 +1.70% | | | | 科创50 | 创业板指 | 万得全A | | 996.40 | 2138.90 | 529 ...

据悉，海外市场英伟达股价再创新高，总市值达到3.77万亿美元，重新成为全球市值最高公司。这一消 息对国内算力产业链相关上市公司形成积极带动效应。 6月27日上午交易时段，A股市场呈现分化格局。沪深两市半日成交额达9913亿元，较前一交易日增加 138亿元。个股表现活跃，全市场超3600只股票实现上涨。 算力硬件板块再次成为市场焦点，相关概念股集体走强。中京电子成功封涨停板，胜宏科技、新易盛等 龙头股票续创历史新高。CPO、铜缆高速连接等细分领域表现尤为突出，联特科技涨幅超过10%，光库 科技、源杰科技、兆龙互连等多只个股涨幅超过5%。 与此同时，有色金属概念股展开反弹行情。电工合金触及20CM涨停，北方铜业等多只个股涨停。中孚 实业、金诚信涨幅均超过5%，株冶集团、洛阳钼业、江西铜业等传统有色金属龙头股票跟涨。 大金融板块一度冲高，天风证券成功涨停。证券、多元金融等子板块表现活跃，为市场提供重要支撑。 调整方面，银行股出现明显回调。中国银行等多只银行股跌幅超过2%，对指数形成一定拖累。油气、 港口等板块同样承压下行。 板块轮动特征明显，有色金属、铜缆高速连接、CPO、多元金融等板块涨幅居前。油气、银行、保险、 ...

午评：创业板指半日涨1.16% 有色金属、算力硬件股集体走强 智通财经6月27日电，市场早盘震荡分化，三大指数涨跌不一。沪深两市半日成交额9913亿，较上个交易日放量138亿。盘面上热点较为杂乱，个股涨多跌 少，全市场超3600只个股上涨。从板块来看，算力硬件股再度走强，中京电子涨停。有色金属概念股展开反弹，北方铜业等涨停。大金融股一度冲高，天风 证券涨停。下跌方面，银行股展开调整，中国银行等多股跌超2%。板块方面，有色金属、铜缆高速连接、CPO、多元金融等板块涨幅居前，油气、银行、 保险、港口等板块跌幅居前。截至收盘，沪指跌0.21%，深成指涨0.85%，创业板指涨1.16%。 | 上证指数 | 深证成指 | 创业板指 | | --- | --- | --- | | -3441.30 | -10431.51 | -2138.90 | | -7.15-0.21% 7 | +88.03 +0.85% 70 - | +24.48 +1.169 | 门以 |宁 イベン光 封板率 1.04% 高开率 57% 获利率 51% 63.00% 封板 39 触及 23 昨涨停今表现 ...

A股午评：创业板指半日涨超1% 工业金属板块领涨大盘 金十数据6月27日讯，A股三大股指早盘走势分化，沪指冲高回落，深证成指、创业板指维持涨势高位 震荡，创业板指半日涨超1%。截至中午收盘，沪指跌0.21%，深证成指涨0.85%，创业板指涨1.16%； 沪深两市半日成交额超9900亿，超3500只个股飘红。盘面上，工业金属板块领涨大盘，CPO、铜缆高速 连接等算力基建板块涨幅居前，半导体板块表现亮眼。油气板块今日早盘再度回调，准油股份一度跌 停，银行、保险等大金融板块冲高回落，截至午盘收盘跌幅居前。 ...

Group 1 - Vivo launched its new foldable flagship, the Vivo X Fold5, weighing only 217 grams, with a starting price of 6,999 yuan, set to go on sale on July 2 [1] - The foldable smartphone market is entering a new phase of product releases, with Xiaomi and Honor also set to launch their foldable devices soon [1] - Vivo X Fold5 features enhanced cross-ecosystem connectivity, including Mac computer mirroring, task continuity, and mouse/keyboard collaboration, allowing seamless integration with Apple devices [1] Group 2 - IDC analyst highlighted that Vivo has elevated cross-ecosystem connectivity, enabling seamless interaction with Apple hardware, thus breaking down ecosystem barriers for users [2] - Honor showcased advancements in AI models and intelligent agents, which will be integrated into the upcoming Honor Magic V5 foldable smartphone [2] - CITIC Securities emphasized that innovation is the core driver of growth in the smartphone market, with foldable phones being a significant trend in this innovation landscape [2]

全球折叠屏手机市场上的多项关键性能记录，被 6 月 25 日发布的新一代旗舰折叠机 —— vivo X Fold5 打破。 图 1 ： 6 月 25 日， vivo X Fold5 新品全球首发 从产品硬实力上看， X Fold5 在硬件方面实现了 全球最轻（仅 217 g ）、最强续航大折叠（ 等效 6000mAh ）、超强三防性能的突破 ； 更关键的是， X Fold5 在软件和生态兼容方面的开创性亮点 ——不仅实现 安卓 手机首次跨生态 连接 Apple Watch ， 原子工作台 更是实现 一屏 5 用 。 这款 全新折叠 旗舰，用八大领域的领先优势给用户带来 "更轻、更强、更实用"的产品体验升级。 某种程度上， vivo 正在试图用它来给增速放缓的折叠屏手机市场注入新增长动力——给主流消费人 群入手折叠屏手机提供一个具备超强说服力的理由。 IDC 数据 显示 ， 2022 至 2024 年，中国折叠屏手机出货量分别为 330 万、 700.7 万和 917 万 台。 今年一季度国内折叠屏手机出货 284 万台，同比增长 53.1% 。增长速度从三位数降至两位 数，表明折叠屏手机作为一个"新物种"的超 ...

Group 1 - Vivo officially launched its new foldable flagship, the Vivo X Fold5, which weighs only 217g, breaking the previous record of 219g held by the Vivo X Fold3, making it the lightest foldable phone globally [1] - The Vivo X Fold5 features IPX8 and IPX9 waterproof ratings, achieving IPX9+ for the first time, and can withstand 1,000 folds in 1 meter of water, with dust resistance rated at IP5X and operational capability in temperatures as low as -30°C [1] - The device is equipped with a 6000mAh battery, supporting 80W wired and 40W wireless fast charging, along with reverse charging capabilities [1] Group 2 - The X Fold5's productivity features include an atomic workspace that supports up to five applications running simultaneously, with flexible layout and file transfer capabilities between apps [2] - New cross-ecosystem features allow the X Fold5 to connect with Mac devices, enabling phone call transfers, SMS verification autofill, and cross-device file management [2] - AI capabilities include a feature for generating visa application forms for 42 countries and personalized travel guides [2] Group 3 - The X Fold5 is the first Android phone to connect with Apple Watch, allowing for seamless communication synchronization, including calls, messages, and health data sharing [3] - The device also supports deep pairing with other Apple hardware, providing a consistent user experience across different ecosystems [3] Group 4 - The Vivo X Fold5 is available for pre-sale and will officially launch on July 2, with a starting price of 6999 yuan and a top configuration of 16GB+1TB priced at 9499 yuan [4]